Streetbeat News

Acquisitions Mergers

TECK

Teck Resources shares are trading higher due to a rise in copper prices. Additionally, JSW Steel is reportedly planning to acquire a stake in Teck's coal unit.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 5:17 pm

TGLO

Delfin Midstream, which owns over 70% of TGLO (OTC:TGLO), has not yet completed a long-awaited reverse merger. The company has not diluted its shares or engaged in toxic financing, and it has plans for expansion. The article suggests that Delfin may be waiting for the right time to complete the merger, possibly when natural gas prices are low.

Portfolio Pulse from Buzz Margin Call

September 11, 2023 | 5:14 pm

FANG

Diamondback Energy Inc (FANG) has announced a joint venture with Five Point Energy LLC, named Deep Blue Midland Basin LLC. The 15-year deal involves FANG producing and supplying water in a 12-county area in the Midland Basin. FANG will hold a 30% stake in Deep Blue and has received upfront cash proceeds of around $500 million. Both companies plan to contribute $500 million in follow-on equity capital for future projects and acquisitions. Deep Blue has also secured long-term acreage dedications with two investment-grade customers.

Portfolio Pulse from Lekha Gupta

September 11, 2023 | 5:00 pm

HILS

Hillstream BioPharma Inc. has entered into an exclusive option agreement to acquire a clinical stage asset for chronic pruritis. The terms of the agreement have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 3:54 pm

MGTA

Magenta Therapeutics has completed its merger with Dianthus Therapeutics and implemented a 1-for-16 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 3:37 pm

CSL

Carlisle Companies Incorporated (CSL) shares are trading higher after the company reportedly rejected an informal combination proposal from Kingspan Group.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 3:19 pm

CSL

Carlisle Companies Inc. (CSL) has reportedly rejected an informal approach to combine from Kingspan Group. The news was reported on Sunday.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 3:18 pm

SJM

TWNK

JM Smucker (NYSE:SJM) has announced the acquisition of Hostess Brands (NASDAQ:TWNK) for $5.60 billion in cash and stock. The deal is expected to be completed by April 30, 2024.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 3:10 pm

MULN

Mullen Technologies has acquired battery pack production assets from Romeo Power for approximately $3.5 million.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 3:03 pm

AZN

BABA

NVS

QCOM

RTX

SFTBF

UBS

WELL

Several major companies have announced significant developments. Qualcomm has signed a chip supply agreement with Apple, potentially boosting its stock. Vietnam Airlines is nearing a $10 billion deal with Boeing to acquire 50 Boeing 737 Max jets. Welltower has raised its FY23 FFO outlook due to strong capital deployment and senior housing business. Novartis' Sandoz has entered a development and commercialization agreement with Samsung Bioepis. RTX Corp is facing a $3 billion pre-tax charge due to a Pratt & Whitney engine problem. AstraZeneca's CEO, Pascal Soriot, is rumored to be stepping down. Alibaba is undergoing a leadership shakeup in its cloud business. A potential United Auto Workers strike could cost the US economy billions. Apple and Google are facing an antitrust showdown. UBS is planning to cut wealth-management jobs in Asia. Arm Holdings is considering boosting its IPO price.

Portfolio Pulse from Vandana Singh

September 11, 2023 | 2:51 pm